Malaysians Are Buying More Beef08 November 2013
MALAYSIA – Beef imports have surged to record levels for the first seven months of 2013, Malaysian National Statistics show.
Imports shot to 84,118 tonnes swt up until August, after strong performance from Indian suppliers and growth from Australian exporters, up 18 per cent.
India provides 80 per cent of Malaysian beef, equating to 67,240 tonnes swt for the first seven months, an increase of 17 per cent year-on-year.
Retailer and foodservice expansion has caused a 30 per cent lift in import value over the past five years from A$2.70/KG to A$3.50 in 2013. This is thought to be behind the demand.